The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

As cryptocurrency continues to gain popularity, a technology hidden behind it has attracted more attention from the world, and that is the now hotly discussed blockchain. So today let’s analyze what the value of blockchain is? Many people know that blockchain delivers value, but they don’t know what value is. Chang Chai, the founder of Babbitt, said something very interesting: "The logic of blockchain may not only be a parallel world to the Internet, they are a mirror relationship." The so-called mirror refers to a contrastive relationship, and the relationship between the Internet and the blockchain A comparison is that the Internet is a transmission protocol for information, while the blockchain is a transmission protocol for value. Furthermore, the Internet realizes the efficient transmission of information, and the blockchain realizes the quantitative interconnection of value.

Value is currency. In the long history of human civilization, the birth of two things has a very special status, they are words and currency. The emergence of writing allows humans to communicate and inherit on a spiritual level; and the emergence of currency allows humans to do this on a material level.

Take Bitcoin, for example. The characteristics of this virtual asset are amazing. First of all, it cannot be tampered with or copied. Secondly, it can be divided infinitely. Thirdly, it can be freely circulated globally and is mathematically safe. Thirdly, it can be freely circulated around the world. Fourth, it does not require the support of a centralized organization. A group of people with computers can play it by themselves. Therefore, with the first injection of value, these attributes will attract more geeks to participate in the game, so more value will be injected one after another, resulting in a better market price. The continuously increasing transaction prices have created a wealth-enhancing effect.

In Bitcoin, a completely private community-based game, a sufficiently large global population recognizes its value and injects credit into the group randomly, which forms the credit endorsement mechanism of Bitcoin. This mechanism is relatively obvious in commodities with strong spiritual attributes. Many works of art and collections have limited practical value, but based on group recognition of their spiritual value, coupled with the premium of open market liquidity, they can often resulting in a very high market price.

But on the other hand, the Bitcoin ecosystem itself cannot create value. It reflects more of the investment value-added value and liquidity value. If a better blockchain economic ecology emerges in the future, it can create value increments. , and has investment value-added and liquidity value, then these speculative capital will be attracted to a more competitive ecology, which will limit the room for Bitcoin’s rise. Because the Bitcoin ecosystem does not create value increments, after the investment dividends dissipate, its value foundation will be mainly based on the spiritual level. For example, as a blockchain creation application, it has collection value like famous paintings. Of course, there is also some liquidity. value.

The biggest value in the blockchain is called consensus value. What many people in the blockchain circle call consensus value is actually a group of people jointly recognizing the value of a certain token, and then forming a demand curve that can be dynamically described.

 1. What is the real value of blockchain?

The various human exchange processes are essentially a process in which value is embodied in different items and exchanged with equal value. Gold, silver, copper and banknotes are all given value in the process of material exchange. This value is the "consensus value".

So from the time Bitcoin came out to the present, blockchain technology has been recognized and made public around the world. The cryptography encryption technology, decentralized distributed storage technology, smart contract technology, etc. it uses have been adopted by people from all walks of life and national government agencies. It is recognized that this means that the "consensus value" of digital currency has been initially reached.
This also shows that digital currency has the ability to be given monetary value and circulate like paper money. Of course, because its decentralized peer-to-peer transactions will eliminate the central bank's regulatory processes and clearing processes, it saves time, effort, and efficiency. Therefore, digital currency using blockchain technology will become inevitable!

 2. Where is the value of blockchain tokens (digital currencies) reflected? 

The core of blockchain project tokens is application. The technical application value of the product itself generates consensus value. The consensus value is the driving force of the market and promotes market development, which is ultimately reflected in market value.

The value of blockchain project tokens, that is, the value of digital currency in our public consciousness, must be reflected based on its application value. So the conclusion we can draw is: the value of the tokens of blockchain projects that are not digital currencies issued by the central bank must rely on the core value of the project. Only when the project itself has technical value and application value that can solve certain industry problems, Only then can it be recognized by more people and generate "cognitive consensus", thereby generating consensus value.